Balyasny Asset Management L.P. Cuts Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Balyasny Asset Management L.P. decreased its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 26.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 458,539 shares of the company's stock after selling 164,559 shares during the period. Balyasny Asset Management L.P. owned about 0.82% of Par Pacific worth $7,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after purchasing an additional 700 shares in the last quarter. Inspire Investing LLC boosted its stake in Par Pacific by 4.6% in the 4th quarter. Inspire Investing LLC now owns 24,201 shares of the company's stock worth $397,000 after purchasing an additional 1,066 shares in the last quarter. Mariner LLC boosted its stake in Par Pacific by 7.7% in the 4th quarter. Mariner LLC now owns 15,136 shares of the company's stock worth $248,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Par Pacific by 0.8% in the 4th quarter. Legal & General Group Plc now owns 150,322 shares of the company's stock worth $2,464,000 after purchasing an additional 1,156 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. UBS Group lowered their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Mizuho upped their target price on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Par Pacific presently has a consensus rating of "Hold" and an average price target of $21.25.

Par Pacific Trading Up 4.0%

PARR traded up $0.74 during trading on Tuesday, hitting $19.12. 1,368,426 shares of the stock were exchanged, compared to its average volume of 1,102,824. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The firm has a 50 day simple moving average of $14.17 and a 200 day simple moving average of $15.68. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 3.71 and a beta of 1.50. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $29.32.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Par Pacific's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.